Housing and 'Government Support'
futureofcapitalism.com

The Wall Street Journal begins a news article on existing home sales: "Existing-home sales plunged to their lowest level in 15 years in July as inventories soared, painting a grim picture for the housing market absent government support in a stubbornly sluggish economy."

A reader-participant-community member-watchdog-content co-creator e-mails: "What about the possibility that so much government support for everything is the problem?"

Remember, there's an awful lot of government support for the housing market already — foreclosure relief, the home mortgage deduction, Fannie and Freddie, the FHA, the super-low interest rates set by the Federal Reserve.

Read More...

Housing and 'Government Support'
futureofcapitalism.com

The Wall Street Journal begins a news article on existing home sales: "Existing-home sales plunged to their lowest level in 15 years in July as inventories soared, painting a grim picture for the housing market absent government support in a stubbornly sluggish economy."

A reader-participant-community member-watchdog-content co-creator e-mails: "What about the possibility that so much government support for everything is the problem?"

Remember, there's an awful lot of government support for the housing market already — foreclosure relief, the home mortgage deduction, Fannie and Freddie, the FHA, the super-low interest rates set by the Federal Reserve.

Read More...